News Headline Summary

Cypriot finance minister says bail-in of bank depositors highly unlikely, we will not accept it under any circumstances

Analysis details (13:22)

This is contradictory to reports pre-market in the Financial Times, who cited a confidential memorandum that an option for a Cypriot rescue could force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds.